Question: an investor wishes to accumulate 200 pln how many months...
Question details
An investor wishes to accumulate 200 PLN. How many months must the investor pay 40 PLN at the beginning of each month if the interest rate is 12% per annum, compounding annually. Solve the problem of non-integer value of the term of annuities. Rework example with deposits at the end of each month. Please solve in details.
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